Barclays PLC Sells 274,367 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Barclays PLC lowered its position in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 31.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 598,951 shares of the real estate investment trust's stock after selling 274,367 shares during the quarter. Barclays PLC owned 0.11% of Annaly Capital Management worth $12,020,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its position in Annaly Capital Management by 8.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 17,990,064 shares of the real estate investment trust's stock valued at $361,061,000 after buying an additional 1,342,056 shares during the period. State Street Corp grew its position in shares of Annaly Capital Management by 1.3% during the 3rd quarter. State Street Corp now owns 17,400,024 shares of the real estate investment trust's stock valued at $360,296,000 after acquiring an additional 223,294 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Annaly Capital Management by 1.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,092,118 shares of the real estate investment trust's stock worth $77,996,000 after purchasing an additional 41,069 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Annaly Capital Management by 531.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,981,081 shares of the real estate investment trust's stock worth $79,900,000 after purchasing an additional 3,350,435 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of Annaly Capital Management by 7.4% in the 3rd quarter. Victory Capital Management Inc. now owns 2,002,975 shares of the real estate investment trust's stock worth $40,200,000 after purchasing an additional 138,320 shares during the period. Hedge funds and other institutional investors own 51.56% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on NLY shares. JPMorgan Chase & Co. decreased their target price on Annaly Capital Management from $21.00 to $20.00 and set an "overweight" rating for the company in a research report on Monday, December 9th. Wells Fargo & Company raised Annaly Capital Management from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $19.00 to $23.00 in a report on Friday, September 20th. Argus upgraded Annaly Capital Management from a "hold" rating to a "buy" rating and set a $21.00 price objective on the stock in a research note on Thursday, October 31st. Finally, JMP Securities reiterated a "market perform" rating on shares of Annaly Capital Management in a research report on Wednesday, August 28th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, Annaly Capital Management has an average rating of "Moderate Buy" and an average target price of $21.50.

Annaly Capital Management Price Performance

NLY stock traded down $0.02 during mid-day trading on Monday, reaching $19.76. 7,156,603 shares of the company traded hands, compared to its average volume of 4,324,882. The company has a fifty day moving average price of $19.65 and a 200-day moving average price of $19.85. Annaly Capital Management, Inc. has a 52-week low of $17.67 and a 52-week high of $21.11. The company has a market capitalization of $11.08 billion, a P/E ratio of -282.57 and a beta of 1.51.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $0.67 by ($0.01). The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $212.00 million. Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%. During the same quarter last year, the business posted $0.66 earnings per share. As a group, analysts forecast that Annaly Capital Management, Inc. will post 2.65 EPS for the current year.

Annaly Capital Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be issued a $0.65 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.60 annualized dividend and a dividend yield of 13.16%. Annaly Capital Management's payout ratio is currently -3,714.29%.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.